warranty on its products. The warranty liability account had a balance of $268661 on December...
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warranty on its products. The warranty liability account had a balance of $268661 on December 31, 20x4. Gardot estimates their warranty expense to be equal to 2% of sales. Sales in 20x5 were $8530215. Costs incurred in servicing warranties in 20x5 amounted to $133248. What is the balance in the warranty liability account at December 31, 20x5? Select one: a. $170604 b. $306017 c. $135413 d. $268661
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